Zephyr Minerals (TSE:ZFR) has released an update.
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Zephyr Minerals Ltd. is set to reapply for a mining permit for the Dawson gold property in Colorado, addressing earlier application deficiencies by drilling additional water monitoring wells. The company is also launching a non-brokered private placement financing, aiming to raise $200,000 by issuing 4 million units at $0.05 each. This strategic move leverages favorable gold market conditions and could significantly enhance shareholder value upon successful permit acquisition.
For further insights into TSE:ZFR stock, check out TipRanks’ Stock Analysis page.
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